by Sodium Hexametaphosphate Market Propelled by Increasing Applications in Food Processing
Sodium hexametaphosphate is an inorganic compound widely used as a sequestrant, emulsifier and antioxidant in the food processing industry. It prevents the precipitation of calcium and magnesium ions in foods and beverages. The compound has versatile applications in cleaning, descaling and food processing. It inhibits crystal formation in brines and prevents meat and fish products from becoming slippery or slimy. The global sodium hexametaphosphate market is estimated to be valued at US$ 1,501.17 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand from the food processing industry is a major factor driving the growth of sodium hexametaphosphate market. The compound finds widespread applications in meat, fish, bakery, dairy and other processed food products. It prevents undesirable texture changes during shipping and storage while also serving as a preservative. Sodium hexametaphosphate inhibits the growth of microorganisms to extend shelf-life and enhances quality. Approximately 80-90% of the total sodium hexametaphosphate production is consumed by the food industry globally. Growing demand for convenience and packaged food has augmented the consumption of sodium hexametaphosphate in recent years.
SWOT Analysis
Strength: Sodium hexametaphosphate acts as a sequestrant and helps prevent mineral precipitation. Its ability to bind minerals and ions in solution makes it a versatile additive.
Weakness: Strict environmental regulations regarding the use and disposal of phosphorus compounds can hamper market growth. Sodium hexametaphosphate is also not suitable for consumption and certified food grades are more expensive.
Opportunity: Rising usage of sodium hexametaphosphate as an agent for processing seafood, meat, poultry and as an additive in detergents presents an opportunity for market growth. Growing processed food industry globally will drive its demand.
Threats: Availability of substitutes like polyphosphates and other chelating agents can pose a challenge. Economic slowdowns affecting end use industries can threaten demand.
Key Takeaways
The global sodium hexametaphosphate market is expected to witness high growth over the forecast period of 2023 to 2030.
Asia Pacific region currently dominates the market and is expected to maintain its leading position during this period. Rising meat consumption in China and India is driving demand. Countries like Japan and South Korea are also major consumers due to large processed food industries.
Key players operating in the sodium hexametaphosphate market are Innophos Holdings Inc, Aditya Birla Chemicals, Hubei Xingfa Chemicals Group, TongVo Chemicals, Prayon,Sigma-Aldrich and Chengdu Talent Chemical Co. Limited. Sodium hexametaphosphate is commonly used as an additive in detergents and cleaning products due to its ability to bind calcium ions. Its usage is increasing in seafood processing to prevent precipitation. The global processed meat industry is also boosting demand for sodium hexametaphosphate as a versatile processing aid.
